P
Peter Cramton
Researcher at University of Maryland, College Park
Publications - 279
Citations - 14943
Peter Cramton is an academic researcher from University of Maryland, College Park. The author has contributed to research in topics: Common value auction & Auction theory. The author has an hindex of 60, co-authored 278 publications receiving 14157 citations. Previous affiliations of Peter Cramton include Harvard University & Yale University.
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Combinatorial Auctions
TL;DR: It's important for you to start having that hobby that will lead you to join in better concept of life and reading will be a positive activity to do every time.
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Demand Reduction and Inefficiency in Multi-Unit Auctions
TL;DR: In this article, the authors show that large bidders have an incentive to reduce demand in order to pay less for their winnings, which creates an inefficiency in multi-unit auctions.
Journal ArticleDOI
The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response
TL;DR: In this article, the authors argue that the continuous limit order book is a flawed market design and propose that financial exchanges instead use frequent batch auctions: uniform-price sealed-bid double auctions conducted at frequent but discrete time intervals, e.g., every 1 second.
Journal ArticleDOI
Demand Reduction and Inefficiency in Multi-Unit Auctions
TL;DR: In this paper, the efficiency and revenue rankings of uniform-price and pay-as-bid auctions are investigated, and it is shown that in settings with symmetric bidders, the PAS often outperforms.
Journal ArticleDOI
Tradeable Carbon Permit Auctions: How and Why to Auction, Not Grandfather
Peter Cramton,Suzi Kerr +1 more
TL;DR: An auction of carbon permits is the best way to achieve domestic carbon caps designed to limit global climate change as mentioned in this paper, which allows reduced tax distortions, provides more flexibility in distribution of costs, provides greater incentives for innovation, and reduces the need for politically contentious arguments over the allocation of rents.